Debt Consolidation

Consolidating your existing loans into a single facility on your home can potentially help you save thousands and help you pay off your loans sooner. Not all lenders will let you consolidate debts and there are certain lenders which specialise in this type of finance. Gerry Bosco can help you find out whether consolidating your debt is right for you, how much you can save and more.

What lenders will look your debt consolidation scenario and what is the best for you

What is the best way to structure the loan for you to ensure you benefit the most from consolidating your loans

How Does Debt Consolidations Work?

Debt consolidations is the process of refinancing or ‘merging’ an existing mortgage with other debts – commonly higher interest rate credit card, car loan or personal debts. This process will allow you to potentially reduce the interest rates on your overall loans, freeing up more of your money to be used to pay these loans off faster. Depending on your situation, consolidating these debts can also mean you will be able to significantly reduce your repayments.

There are rules with debt consolidation which change depending on each lender – so getting specific advice from Gerry will ensure you have the best option structured for you. Some lenders do not favour debt consolidations and will restrict the types of loans and interest rates available to you, so getting the right advice can mean you save thousands over the life of your loan.

Can I consolidate debts if I have bad credit?

Yes you can! Gerry can assist in determining whether you can qualify for a debt consolidation and whether it is beneficial for you.

Depending of the level of bad credit (defaults, late payments, judgements etc), this will determine what type of loan may be available for your circumstances.

Are you looking to consolidate your loans?

Contact Gerry Bosco today 0478 538 537

Adelaide Broker

Local Adelaide mortgage broking specialist. With over 30 lenders and 100’s of loan products available, I can help you find the best loan available to you.
With my knowledge I can help you whether you’re purchasing, refinancing, building your own home or investing for your future.